Description
SEBI notice for attachment of bank and demat accounts of defaulters Alka Jain (PAN: ASJPJ4155A) and Gaurav Singhal (PAN: AUFPK1050K) under Recovery Certificate No. 8828 of 2025.
Summary
SEBI has issued notices of attachment for bank accounts and demat accounts against defaulters Alka Jain (PAN: ASJPJ4155A) and Gaurav Singhal (PAN: AUFPK1050K) under Recovery Certificate No. 8828 of 2025 dated August 13, 2025. This enforcement action is part of SEBI’s recovery proceedings against these individuals.
Key Points
- Recovery Certificate No. 8828 of 2025 issued against Alka Jain and Gaurav Singhal
- Attachment notices for both bank accounts and demat accounts
- PAN details: Alka Jain (ASJPJ4155A), Gaurav Singhal (AUFPK1050K)
- Notice dated August 13, 2025
- Part of SEBI’s enforcement and recovery mechanism
Regulatory Changes
No specific regulatory changes introduced. This is an enforcement action under existing SEBI recovery procedures.
Compliance Requirements
- Banks and depository participants must comply with the attachment orders
- No transactions to be allowed in the attached accounts until further orders
- Full cooperation required with SEBI’s recovery proceedings
Important Dates
- Notice Date: August 13, 2025
- Recovery Certificate Date: August 13, 2025 (Certificate No. 8828 of 2025)
Impact Assessment
Limited direct market impact as this is targeted enforcement action against specific individuals. Demonstrates SEBI’s continued efforts in recovery proceedings against defaulters. Banks and depositories need to ensure compliance with attachment orders.
Impact Justification
Enforcement action against specific defaulters with limited market impact